Technology is created by developers zcash for can help to scale Ethereum, said the founder of Ethereum Vitalik Buterin.
In particular, Buterin said that using the technology of zk-snarks, ethereum could potentially increase the number of transactions to 500 per second, not using solutions for scaling the second level, such as Plasma or Raiden.
We can increase the number of skipped transactions in ethereum on a giant number, while not using the scaling system of the second level using zk-SNARK for mass confirmation of the transaction.
Buterin describes a method that includes a relay node, a kind of computer, which performs the task of aggregating transactions in exchange for transaction fees.
Buterin adds that the functions of such nodes can perform almost any member of the network.
In his opinion, the use of this technology can lead to an increase in the number of transactions per unit of time for ETH 24 times, and for the tokens ERC-20 to 50 times.
We will remind that on Friday the employee of public relations of the company Parity urged developers to “stop the deployment in ethereum dapps. The network may not survive”.
In response Buterin wrote in his Twitter that the decision of the zk-snark can reduce the pressure faced by the ethereum blockchain.
And there are layer 2’s without data availability tradeoffs or liveness requirements, eg. tx mass-validation via ZK-SNARKs can reduce costs to < 1000 gas per tx if done well. That’s ~500 tx/sec on-chain with all the security guarantees of on-chain.— Vitalik Non-giver of Ether (@VitalikButerin) 22 September 2018